Bankwest Low Rate Business Mastercard

Easily manage your business expenses and save with a low purchase interest rate with the Bankwest Low Rate Business Mastercard.

You can increase your business’ cash flow and easily manage your employee spending with the Bankwest Low Rate Business Mastercard.

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11.99% p.a.

Purchase rate

$99 p.a.

Annual fee

55 days

Interest free period

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Product NameBankwest Low Rate Business Mastercard
Purchase rate11.99% p.a.
Annual fee$99
Interest-free periodUp to 55 days on purchases
Cash advance rate11.99% p.a.
Min credit limit$2,000
Max credit limit$50,000
Card typeMastercard
Foreign currency conversion fee2.95%
Available to temporary residentsNo
Joint applicationNo


  • A low rate of 11.99% p.a. on purchases, cash advances and balance transfers
  • Flexible credit limits between $2,000 and $50,000


  • Charges a 2.95% foreign transaction fee
Bonus pointsN/A
Annual fee$99
Minimum monthly repayment2% of the closing balance or $20, whichever is greater
Late payment fee$35
Foreign currency conversion fee2.95%
Cash advance fee2% or $4, whichever is greater
Overseas cash advance fee2% or $4, whichever is greater
Overseas ATM withdrawal fee$0
Additional cardholder fee$0
Number of additional cardholders3

Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Bankwest Low Rate Business Mastercard boasts low ongoing interest rates and up to 55 interest-free days to suit businesses that want the flexibility of a credit card without the high costs. It also charges a competitive annual fee compared to some other business cards.

How to apply

You can apply for the Bankwest Low Rate Business Mastercard online. If you're applying for a credit card limit higher than $25,000, you'll need to contact Bankwest on 137 000 to apply. Before you apply, check if you meet the eligibility criteria and have the necessary documents to complete the application.

Eligibility criteria

  • Residency. You must be an Australian permanent resident.
  • Credit history. You must have a good credit history, meet Bankwest lending criteria and not have an overdue debt with the Australian Tax Office.

Card benefits

  • Low interest rates. An interest rate of 11.99% p.a. applies to purchases, cash advances and balance transfers.
  • Interest-free days. After the introductory period, and for purchases only, there are up to 55 interest-free days. These can only be taken advantage of when the account has been paid in full for the current and preceding statement period. Interest-free days will not apply to balance transfers or cash advances.

Rates & fees

  • Annual fee. This card charges a $99 p.a. annual fee.
  • Foreign transactions. When you make a foreign transaction overseas or shopping online with an international retailer, you will be charged 2.95% of the Australian dollar amount.

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    Default Gravatar
    July 18, 2019

    Please provide conditions of balance transfers.

      Default Gravatar
      July 18, 2019

      Hi Jim,

      Thank you for contact Finder.

      The current Balance Transfer Rate for the Bankwest Low Rate Business Mastercard is 11.99% p.a. and you may use up to 95% of your approved Credit Limit. You may request a balance transfer anytime given that your account is not in default and the credit limit available is not less than 5%.

      I hope this helps.

      Please do not hesitate to reach out again to us if you have additional questions.


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